Come to find out his wife's dad had a career in real estate, his friend works at a firm as a private lender (that's how he got started), the houses were 50k houses and half of them were trailers...His personal house, while large was in the middle of nowhere...You can see the focus shifted from real estate investing to social media marketing.

My friends rented a room in their house.

It has private entrance but is attached to house and is not private really so it is basically a glorified room for rent with a living room.

If the house is paid off, that takes away a lot of pressure.

A local charity wants to rent my SFH in order to house up to 3 patients along with a 24 hr staff. 

It protects the asset (the house/property) that the loan is on.   

I have owned and rented a house in New Orleans the past 3 years. 

I have already had experience in analyzing house flips so I'm confident in my skill set there, but how should I expect mobile house flips to differ from normal house flips when it comes to ANALYZING the deal Any help is very much appreciated!!

I'm just about to close on my first four-unit, which is probably typical of what is available in Maine, in this type of neighborhood, at this price point - which is old housing stock, tons of deferred/poorly done maintenance, and relatively high labor/construction costs. 

My mgt s-corp is on record as the 'landlord' and signs the leases whether a personally-owned house or a commercial apt bld owned by one of my LLCs.